A month after the fiscal year (FY) 2015 defense budget was submitted to Congress, the Department of Defense (DOD) released the report Estimated Impacts of Sequestration-Level Funding. The report highlights areas where additional cuts will be made in order to comply with sequestration-level funding. While it dutifully tabulates the effects on procurement programs, services, and budget accounts, explanations of the implications of these decisions are lacking. Not clear in this report is that the sequestration level of funding will fundamentally alter U.S. military power and limit the options available to the U.S. government as an international actor.